PJM 630 Unit 3 DB
Unit 3 – DB
Primary Task Response: Write a page that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear and use examples to reinforce your ideas.
According to the A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)–Seventh Edition, there are three basic types of contracts or agreements, as follows (Project Management Institute, 2021):
Fixed-price
Cost-plus contracts
Time and material
Each has several common variations. It is not unusual for any specific contract to have special terms and agreements, so the basic contract is just the starting point. The project manager is most interested in the terms that define and help control costs, schedule, and quality. The make-or-buy analysis will help you determine the type of contract to use.
Examples of the contract types include the following:
Firm fixed price
Fixed price with targets
- Fixed price at cost
Time and materials
- Cost sharing
Cost plus
- Indefinite delivery indefinite quantity (IDIQ)
Based on this information, address the following:
Discuss the make-or-buy analysis that prompted you to outsource the activity.
Pick 1 of the contract types above, and briefly describe a project work example for which the contract type’s use might be the best. Who do you think bears the most risk, the buyer, or the seller?And Why?
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
